New Trends In Sports Card Collecting & Investing

If you’re a fan of sports cards, you might have noticed that they are rising in value. This has created an exciting new opportunity for both collectors and investors. However, it is important to understand that sports card investments aren’t as liquid as other collectable assets. This is why diversifying your collection is a key component of sports card investing.

New Buyers & Collectors

During the Covid-19 pandemic, the sports card market exploded. People were drawn back to the hobby by nostalgia, a little pocket money and the opportunity to feel a sense of joy that comes with acquiring something you loved as a child. Now, these collectors are in their 40s or older and have homes, jobs and disposable income. They are able to throw a few hundred dollars into the sport and snag up rarer and more expensive cards than they could when they were kids. But it’s important to remember that each investment move involves risk, so you have to do your research and consider your risk tolerance before making a purchase. The right strategy will increase your chances of success and help you maximize your return on investment (ROI).

Nostalgia Value

Nostalgia is a huge driver of value in collectibles, and sports cards are no exception. People who grew up collecting baseball cards, for instance, can now enjoy the hobby as adults and snatch up vintage players that they may never have had the chance to own. The nostalgia value of sports cards can also be a good way to make money, and is often a big driver of card prices. For example, if a player gets a lot of attention off the field or court, that can make them more culturally relevant and increase their demand.

Technology

In the world of sports card collecting, technology plays a big role. This includes apps, digital deeds and non-fungible tokens (NFTs). One example is CollX, an app designed to solve a decades-old puzzle: finding out how much your sports cards are worth. This app uses a visual search algorithm to match a collector’s collection to an estimated value, helping them snag rarer cards for less money than they could have imagined back in the day. Another is AnyLot, a smartwatch style app that monitors thousands of online marketplaces and notifies buyers when the cards they’re looking for are on sale. Their patented AI technology matches their users’ interests to find the best deals possible. It’s no secret that technology has made sports card collecting and investing more accessible than ever before, and it appears that the hobby will continue to grow in popularity for years to come. Millennials, who are heavily invested in technology, will have an important role to play in the industry’s future.

Investing

Investing in sports card collections can be an excellent way to make money. But like any investment, it can be a high-risk one if you don’t know what you’re doing. Luckily, there are some things that you can do to mitigate these risks and ensure that you’re getting the best possible return on your investments. For starters, you should establish a budget and only invest 5% of your paycheck each month. Another great way to get started is by learning more about the different types of cards that are available on the market. By understanding the types of factors that can affect a card’s value, you can determine whether or not it’s a good investment for you. For example, you could focus on buying cards of players who are generational icons, rather than those that are current stars. This approach can carry less risk, and allow you to build a collection of valuable cards over the years.